Individual claims reserving using activation patterns
In: European actuarial journal, Volume 13, Issue 2, p. 837-869
ISSN: 2190-9741
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In: European actuarial journal, Volume 13, Issue 2, p. 837-869
ISSN: 2190-9741
In: European actuarial journal, Volume 4, Issue 2, p. 383-409
ISSN: 2190-9741
The European Commission has introduced risk management tools in the rural development pillar 2 of the Common Agricultural Policy. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their income. This paper analyses this income stabilisation tool for a region in Belgium by means of a Skew Normal linear mixed model. Relying on the Farm Accountancy Data Network (FADN), this analysis focuses on estimating the probability that such a fund would need to intervene and, in that case, the expected amount of each farm income compensation. The predictive distribution of future incomes given past revenues trajectory is derived and used for evaluation purposes. Particular attention is paid to additional requirements that could be imposed to the income stabilisation tool.
BASE
The European Commission has introduced risk management tools in the rural development pillar 2 of the Common Agricultural Policy. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their income. This paper analyses this income stabilisation tool for a region in Belgium by means of a Skew Normal linear mixed model. Relying on the Farm Accountancy Data Network (FADN), this analysis focuses on estimating the probability that such a fund would need to intervene and, in that case, the expected amount of each farm income compensation. The predictive distribution of future incomes given past revenues trajectory is derived and used for evaluation purposes. Particular attention is paid to additional requirements that could be imposed to the income stabilisation tool.
BASE
rural development pillar 2 of the Common Agricultural Policy. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their income. This paper analyses this income stabilisation tool for a region in Belgium. Relying on FADN, this analysis focuses on estimating the probability that such fund would need to intervene and, in that case, the expected amount of each farm income compensation. Particular attention is paid to additional requirements that could be imposed to the income stabilisation tool.
BASE
rural development pillar 2 of the Common Agricultural Policy. One of them consists in providing co-financing support to mutual funds compensating farmers who experience a severe drop in their income. This paper analyses this income stabilisation tool for a region in Belgium. Relying on FADN, this analysis focuses on estimating the probability that such fund would need to intervene and, in that case, the expected amount of each farm income compensation. Particular attention is paid to additional requirements that could be imposed to the income stabilisation tool.
BASE